Its management portfolio is now at 1.6 million square feet, a major increase from only 450,000 square feet a year ago. Buchanan Street Partners, Ellis Partners and Equity Office Properties are among the firms that have assigned DTZ management duties.

Office vacancies as of the second quarter of this year were at 14.5 percent in the North Bay, compared to 24 percent during the same period in 2010. Meanwhile, the industrial vacancy rate during the second quarter was down to 7.5 percent.

DTZ is a global leader in commercial real estate services, with more than 19,000 employees in the United States, Canada and Mexico.